On the evening of July 30, Gaotu founder Chen Xiangdong issued an internal letter saying: "In order to survive, the company has to lay off staff." It is reported that the closure of 13 local centers across the country will be completed before August 1, involving tens of thousands of people, equivalent to one-third of the employees of Gaotong will be laid off. Of course, many netizens exposed on social platforms, not only Gaotu, but many education and training institutions such as TAL and New Oriental have started large-scale layoffs. The online education "Battle Royale" is officially launched, and the self-help transformation of off-campus training institutions such as New Oriental,
TAL, Homework Help, and Yuanfudao is imminent. Among them, some people turn to adult education, some people focus on education hardware, and some people focus on quality education. On July 28, the online education company Yuanfudao announced job title email listthe transformation of quality education and launched a new brand of scientific enlightenment education "Pumpkin Science". Why do some education and training institutions headed by Yuanfudao choose quality education? Can it become a new outlet for online education under the strictest supervision? 1.
From media to education, the peaks and valleys of Li Yong and Yuanfudao As of July 29, Yuanfudao, an education company founded in 2012, has completed 11 rounds of financing although it has not yet been listed, with a total financing amount of more than 4 billion US dollars, and its valuation was as high as 15.5 billion US dollars. (Source: Enterprise Check) However, the founder who founded this company with a valuation of over 10 billion is rarely mentioned by the media. This person is called Li Yong. In fact, from the first stage of his career, it's hard to imagine such a person ending up as the founder of an education company.